Stanford Free Library
- Assets
- $3.0m
- Revenue
- $352.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Stanfordville, NY
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 14-1492555
Organization Overview
Stanford Free Library is located in Stanfordville, NY. The organization was established in 1967. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Stanford Free Library employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford Free Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Stanford Free Library generated $352.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $281.5k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LIBRARY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY AND RELATED SERVICES FOR THE TOWN OF STANFORD RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bail President | OfficerTrustee | 5 | $0 |
Mark Williams Vice President | OfficerTrustee | 5 | $0 |
Laura Gilhooly Corresponding Secretary | OfficerTrustee | 5 | $0 |
Fred Schall Recording Secretary | OfficerTrustee | 5 | $0 |
Barry Weinberger Treasurer | OfficerTrustee | 5 | $0 |
Claudia Debellis Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,702 |
| Total Program Service Revenue | $0 |
| Investment income | $5,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,073 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,045 |
| Office expenses | $10,248 |
| Information technology | $1,395 |
| Royalties | $0 |
| Occupancy | $12,765 |
| Travel | $56 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,317 |
| Insurance | $8,399 |
| All other expenses | $0 |
| Total functional expenses | $281,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,071 |
| Savings and temporary cash investments | $536,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,098,567 |
| Investments—publicly traded securities | $317,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,956,987 |
| Accounts payable and accrued expenses | $4,482 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,482 |
| Net assets without donor restrictions | $2,952,505 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,956,987 |